The Ethiopian House of Peoples Representatives passed a new proclamation that encourages private sector involvement in the energy sector, according to The Reporter.

The new proclamation also reestablishes the former Ethiopian Electric Agency as the Ethiopian Energy Authority. The law was passed on Tuesday 19 November, 2013 by the House of Peoples’ Representatives (HPR).

Ethiopian Energy Authority, a regulatory agency for the Energy sector, is mandated with the authority to issue licenses for generation, transferring, distribution and selling, as well as the import and export of electricity in Ethiopia. As per the provision of the proclamation, the new agency is also responsible for issuing permits for private sector actors and reviewing tariff proposals in relation to the national grid.

The proclamation also established the Energy Efficiency Fund, to provide loans and financial support to companies and individuals who invest in energy efficiency and conservation activities.

Source: The Reporter